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GSHF.OB- Volume Breakout?

Started by catrader, June 14, 2005, 02:27:49 PM

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catrader

gshf  at $0.16  +0.065, volume breakout possible?

stocky

its trading 9 times above avg volume. Seems like have a potential. I have a small position in the stock.

muletrane

#2
News out today.  This stock typically has low volume so it might slide under most of your radars.  I think this is good news.  I would appreciate any feedback. 

Thanks,
Bob
______________________________________________________________________
Press Release   Source: GreenShift Corporation

GreenShift Announces Stock Buyback and Debt Reduction Plans
Monday August 8, 7:00 am ET

MOUNT ARLINGTON, N.J., Aug. 8 /PRNewswire-FirstCall/ -- GreenShift Corporation (OTC Bulletin Board: GSHF - News) today announced that it has executed an agreement with its chairman and chief executive officer, Kevin Kreisler, for a capital contribution. GreenShift will use the funds contributed by Mr. Kreisler to repurchase GreenShift stock from the public market and to reduce GreenShift's debt.

Under the terms of the agreement, GreenShift will receive a capital contribution equal to the proceeds from Mr. Kreisler's sale of stock in INSEQ Corporation, a GreenShift portfolio company. Mr. Kreisler received the stock for his services prior to GreenShift's acquisition of its stake in INSEQ on April 1, 2005.

Mr. Kreisler has arranged to sell 35 million shares of his INSEQ stock over the next thirty to ninety days under terms that limit the sales by the purchaser of the stock to 10% of the daily trading volume of INSEQ stock. All proceeds from these sales will be contributed by Mr. Kreisler to GreenShift on the condition that GreenShift apply 50% of the proceeds to purchasing GreenShift stock from the public market, up to a maximum of $100,000, and 50% of the proceeds to the reduction of GreenShift's convertible debentures, up to a maximum of $100,000, and all proceeds in excess of $200,000 to the acquisition by GreenShift of INSEQ stock from the public market.

Shares of GreenShift stock repurchased in the public market will be retired. Mr. Kreisler will receive no additional debt or equity or other consideration from GreenShift in return for his contribution.

"GreenShift is committed to helping to increase the intrinsic value of INSEQ and its other portfolio companies and we plan to do so in ways that are overall accretive to the shareholder wealth of both GreenShift and our portfolio companies," said Kevin Kreisler, GreenShift's chairman and chief executive officer. "I received these INSEQ shares in return for services prior to my transfer of my holdings in INSEQ to GreenShift. I personally believe that GreenShift's shareholders are fairly entitled to any proceeds realized from the sale of my shares."

GreenShift's expectation is that the structure of this contribution will enhance GreenShift's net asset value in the following ways:

    * Structuring the investment as a pure capital contribution with no
      corresponding debt or equity issuance to Mr. Kreisler can be expected to
      increase GreenShift's net equity;
    * Repurchasing and retiring shares of GreenShift common stock will reduce
      GreenShift's shares outstanding and can be expected to increase
      GreenShift's net asset value per share; and,
    * Reducing GreenShift's convertible debentures can be expected to increase
      GreenShift's net asset value and to reduce potential future dilution.

Mr. Kreisler's remaining holdings in INSEQ include 15 million shares of common stock and options exercisable into 150 million shares of common stock at $0.001 per share.

About GreenShift Corporation

GreenShift Corporation is a publicly traded business development company (BDC) whose mission is to develop and support companies and technologies that facilitate the efficient use of natural resources and catalyze transformational environmental gains.

BDCs are regulated by the Investment Company Act of 1940 and are essentially publicly-traded equity funds where shareholders and financial institutions provide capital in a regulated environment for investment in a pool of long-term, small and middle-market companies through the use of senior debt, mezzanine financing, and equity funding.

GreenShift plans to use equity and debt capital to support and drive the value of its existing portfolio of companies and to make investments in a diversified mix of strategically compatible growth stage public and private businesses and technologies. GreenShift's current portfolio includes investments in the following environmentally proactive companies:

    * Veridium Corporation (OTC Bulletin Board: VRDM - News);
    * INSEQ Corporation (OTC Bulletin Board: INSQ - News);
    * GreenWorks Corporation;
    * GreenShift Industrial Design Corporation;
    * Coriolis Energy Corporation;
    * TDS (Telemedicine), Inc.; and,
    * Ethanol Oil Recovery Systems, Inc.

In addition, GreenShift hopes to add investments in wind power, hydropower, practical centralized applications of hydrogen power, alternative fuels, infrastructure and mining to its portfolio during 2005 and 2006.

Additional information regarding GreenShift Corporation is available online at http://www.greenshift.com.

52 windsor deluxe

will reap in 30 million in next 24 months according to article....lets see what happens...i'm been in this one for a couple of weeks..... ;D


52 windsor deluxe

i was wondering why this stock kept pulling down.......it was because the owner bought tons of shares on the 8th of august........you can see that on insidercow.com....steady news of late........ :)

52 windsor deluxe

#6
up 30% in first 15 minutes.....don't forget that there was insider trading JUST THE OTHER DAY!!!!!!!!!!!!!!! :o.............up 40%  as i speak :P.......up 47%...now ;D...up 55%... ;D

irod


puenthouse

Almost a bagger for ya.  Im jsut watching you do this from my couch.  Quite fun actually.  Good luck, make those bags boy-0.  What was your projection of this last week and what is it now?  I wanted to study this, because I did not know what a Multi Million dollar deal or the head boss buying 206,000$ worth of his own stock would do to this penny!
Learning from every trade.

52 windsor deluxe

#9
thanks irod...puenthouse...this stock is one of several that i keep charted, thus tracking them daily...or weekly...i only looked at this stock when it started moving north....looked at insider trading...if they buy a lot..and i mean a lot...then it should be safe to buy...BUT BEFORE YOU BUY....at LEAST GO to the company website, do the TA, ....AND PAY ONE LAST VISIT FOR INFO ON THIS BOARD....3 STOCKS ON FIRE... 8)....BIG MONEY CONTRACTS SEEM TO MOVE PENNY STOCKS.. ;D...OH YEAH.......it gained 80% today... :o ;) :P

52 windsor deluxe


gmarc66

Hi 52 Windsor Deluxe.

very nice pick! ;D

Do you have any estimates of how high this could go? Is it a short term play?

thanks very much,

julia

52 windsor deluxe

hi julia....i don't have any estimates of how high it can go...but i can tell you that it was over 10 dollars in january of 2004... :P...also greenshift is a bdc with a portfolio and a stake in companies like VRDM, INSQ,TDST, and six other companies.. :o....note..Kurt Gordan is a board member of greenshift and is currently the chief financial officer of MOBL....AND don't forget the recent insider buying last week and the CHART!.. :o...and julia...if you buy..buy on a dip and don't chase... ;)

golfqtee

Dont want to pop your bubble, but that contract is with INSQ!!  Invest there!!  Just my opinion. GSHF owns 70% of INSQ, but the revenue comes from INSQ.  AND INSQ is up over 100% in European trading...  It is what it is.  Happy Trading

52 windsor deluxe

i know that....doesn't mean i can't invest in gshf...does it? gained 80% sept 2.. :o...it's nothin to sneeze at... :-*